The typical owner-occupied home in Carter is worth about $80,000, 60% below the Oklahoma median of $199,800 and 76% below the national median of $332,700. Owners pay a median $625 a year in property taxes, about 0.78% of their home's value, close to the Oklahoma rate of 0.80%. The median household earns $65,313 a year, so the median home costs 1.2 times the median income (3.1 times for Oklahoma). 79% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Carter at a glance
| Carter | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $80,000 | $199,800 | $332,700 |
| Median property tax paid per year | $625 | $1,599 | $3,119 |
| Property tax as a share of value | 0.78% | 0.80% | 0.94% |
| Median household income | $65,313 | $65,039 | $80,734 |
| Homes lived in by their owners | 79% | 66% | 65% |
| Owner homes with a mortgage | 56% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 19.6% | 21.0% |
| Median rent | $1,031 | $1,014 | $1,413 |
| Rent as a share of renters' income | 51.0% | 28.4% | 30.6% |
| Median year homes were built | 1960 | 1980 | 1980 |
| Vacant homes | 23.6% | 12.0% | 10.1% |
| Population | 210 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Carter
At this week's average 30-year rate of 7.11%, buying the median Carter home of $80,000 with 20% down costs about $516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $649, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $22,108 for the 20%-down payment. That payment is 9% of the median Carter household income of $65,313; at that income and 20% down, the 28% guideline points to a home of about $236,000.
The median rent here is $1,031 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,000 |
|---|---|
| Loan amount | $64,000 |
| Principal and interest | $431 |
| Property taxes (0.78% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $516 |
Change the numbers in the calculator
| Down payment | $2,800 |
|---|---|
| Loan amount | $78,551 |
| Principal and interest | $528 |
| Property taxes (0.78% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $649 |
Change the numbers in the calculator
Questions about home buying in Carter
What is the median home value in Carter?
About $80,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carter?
Homeowners pay a median $625 a year, which is about 0.78% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Carter?
For the median home with 20% down at 7.11%, the payment is about $516 a month. Keeping that under 28% of gross income takes about $22,108 a year.
More about Carter
- Mortgage Refinance in Carter
- Debt Relief in Carter
- Home Equity Loans in Carter
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data